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California sued for diverting mortgage settlement cash

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Mortgage Professional America | 17 Mar 2014, 05:13 AM Agree 0
The state of California has been slapped with a lawsuit for paying down state debt with money earmarked to help struggling homeowners
  • Griff | | 17 Mar 2014, 12:22 PM Agree 0
    Not surprising.
  • 2Bsquare | | 17 Mar 2014, 12:31 PM Agree 0
    Sadly this original action was a redirecting of funds to the States. I doubt these nonprofits have standing. The States could claim damage by the banks in a number of avenues.
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